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Olympic 2020 would stimulate Dubai property sector

Potential plans by the ruler of Dubai to put together a bid to host the 2020 Olympic Games is looked upon as a decision that could boost the flagging Dubai property market.

Abu Dhabi landlords keeping rents artificially high, agents claim

ABU DHABI // Landlords in the capital are worsening the housing shortage and keeping rents artificially high by clinging to unrealistic income expectations, according to a property researcher and several estate agents.

Property price falls 'draw investors to UAE'

Property Showrooms 02.07.2009
Al Hilal Bank launches development fund to tap Abu Dhabi real estate sector

Al Hilal Bank, Abu Dhabi-based Islamic bank, in partnership with Abu Dhabi Investment House, leading financial institution based in Abu Dhabi, has announced the launch of Al Wataniya Development Fund aimed at tapping the huge potential of Abu Dhabi real estate sector.

Property price falls 'draw investors to UAE'

The credit crunch does not appear to be putting off investors in the Middle East, one company has suggested.

Retail rents fall for first time in at least 10 years

Armina Ligaya The National 01.07.2009
Iseeb Rehman, Managing Director, Sherwoods Independent Property Consultants.

Sherwoods Independent Property Consultants has announced that it has noted a steady shift of property prices in Dubai towards more reasonable levels, as the real estate market enters a new phase that will serve as a springboard to recovery. Sherwoods further expects to see concrete signs of growth in terms of property prices and real estate investments starting in the fourth quarter of 2009, even as it predicts 2010 to be a year of stabilisation and new direction for the real estate industry.

Retail rents fall for first time in at least 10 years

Retail rents in Dubai and Abu Dhabi dropped for the first time in at least a decade in the first quarter, a report by an international property consultancy said yesterday.

EIB private investors to sell stake

Trade Arabia 30.06.2009

StanChart offers ‘easy loan’ to customers of Dubai Properties

Staff Writer Emirates Business 247 30.06.2009
EIB private investors to sell stake

Emirates Industrial Bank (EIB), which is merging with Abu Dhabi-based Real Estate Bank, said on Monday its private shareholders have agreed to sell their 49 percent stake to the UAE government.

StanChart offers ‘easy loan’ to customers of Dubai Properties

Dubai Properties, a subsidiary of Dubai Properties Group (DPG), yesterday said it has tied up with Standard Chartered Bank to offer “easy loan” mortgages to prospective buyers and existing owners of residential units at the Executive Towers in Business Bay.

S&P gives 'developing' rating to Emaar

Staff Writer Business24-7 30.06.2009

Realty expects positive impact of Dubai 2020

Anjana Kumar Emirates Business 247 30.06.2009
Emaar expects the proposal merger to take about four months to complete. (EB FILE)

International rating agency Standard & Poor's yesterday said it has revised the CreditWatch implications for 'BBB+' long-term credit ratings on property developer Emaar to 'developing' from 'negative' following the announcement of merger talks with Dubai Holding's property subsidiaries.

Realty expects positive impact of Dubai 2020

Hosting large-scale events such as the World Expo and the Olympic Games in 2020 will have a positive impact on the real estate sector, but developers must not over-build in anticipation, said real estate analysts.

Rents rise in capital defying forecasts

Abdul Hai Mohamad Business24-7 29.06.2009
Rents are forecast to rise by up to 25 per cent in July and August. (EB FILE)

Rents for homes in the capital have shot up by 20 per cent this month despite earlier forecasts that they would fall, said real estate authorities.

Impact of the Dubai Metro over property prices will only be known after the Red Line is up and running from September 9

Dubai Metro seems to have rubbed on its magic to property sector as well. Real estate properties in the near vicinity of Dubai Metro stations have started selling for unheard of prices. Residential properties in Jumeirah Lakes Towers (JLT), close to stations on Sheikh Zayed Road, are selling for 6.5 percent more than units further away, according to The National daily.

Dubai real estate asking prices still unrealistic

Peter Cooper Seeking Alpha 29.06.2009

Dubai property firms merge

Homes Overseas 29.06.2009
Dubai real estate asking prices still unrealistic

The four-way merger of Dubai property companies led by Emaar Properties, and the Nakheel led consolidation of Dubai World property interests is major progress towards sorting out the mess left by the Dubai real estate crash at the corporate level.

Dubai property firms merge

Dubai property developer Emaar Properties PJSC, the largest property developer in the Middle East, yesterday announced that it is merging with three state-controlled property companies, Dubai Properties LLC, Sama Dubai LLC and Tatweer LLC, units of Dubai Holding LLC.

Property prices, rents to surge near metro

Maktoob Business 29.06.2009
Property prices, rents to surge near metro

In a rare bit of good news for Dubai’s struggling real estate market, the price of properties close to metro stations have started rising and tenants are preparing for a surge in rents in what is being dubbed the ‘metro effect’.

Rera has long been setting qualifications for companies and individuals to encourage the real estate valuer license

Property monitoring body of Dubai, Real Estate Regulatory Authority (Rera) has unified real estate evaluation reports, licensing and qualifying real estate valuers and evaluation companies in Dubai. Rera has long been setting qualifications for companies and individuals to encourage the real estate valuer license.

HSBC cuts UAE mortgage rate

Homes Overseas 25.06.2009

Gulf investors eye property in West

Yazad Darasha Emirates Business 247 25.06.2009
HSBC cuts UAE mortgage rate

International bank, HSBC, has announced that it intend to cut its Flexi Loan mortgage rate by 1% next month for customers seeking to buy UAE property.

Gulf investors eye property in West

Millionaires in the Middle East are looking at real estate and fixed-income instruments globally this year and the next to overcome the worst year for investments, a senior investment banker said yesterday in Dubai.

Dubai rents headed lower; house prices stable

Rajiv Sekhri Maktoob Business 24.06.2009
 
Dubai rents headed lower; house prices stable

Rental prices for apartments in once-boomtown Dubai are expected to fall further in the third quarter, real estate firm Landmark Advisory said on Tuesday, adding more evidence to reports that prices will drop by another 20 percent before the year ends.

 
 

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